Q: Please see below some recent commentary from The Economist. Can you please provide your thoughts? Could you also please suggest one or two US listed ETFs that fit the bill and ideally have worldwide coverage?

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From: How to Hedge a Bubble, AI Edition

“Some of the most effective hedging strategies the Goldman analysts found fell into the third category: combinations of stocks and non-bond diversifiers. In fact, the best diversifiers were mostly filtered baskets of stocks, such as the S&P 500 “low volatility” subindex, which includes the 100 least volatile stocks in the main index. A 50/50 split between this and the S&P 500 would, from 1996 to 2002, have generated nearly twice the annualised excess returns (over cash) of the S&P 500 index alone. So would a similar split with the S&P 500 “dividend aristocrats” index, which includes only companies that have increased their dividends every year for the past 25. Diversifying into “quality” stocks (with high returns on equity, stable earnings and low net debt) would have brought similar returns.
Today, the idea that the best way to hedge equity risk is with equities feels unsatisfying. Considering the alternatives, though, it might just be the best shareholders can do.”

Q: Hi,

I have $50,000 to invest in my TFSA for 2026.

Could you provide your top 5 ETFs to invest in for US/Canadian, Top 3 foreign ETFs. and Top 3 dividend ETFs.

Holding for approx. 10 years. Risk level Moderate to high.

I have an ETF in SMH that has 108% ROI in the last 2 years. Would you advice on putting more cash into SMH?

Thank you

Q: For a 3-5 year timeframe, for an international ETF, would you recommend VXUS or VIGI? Is there another international ETF which you feel is better?

Thank you for this excellent service.